Home / Insights

#Schedule 1

Plain-language notes on U.S. tax deadlines, IRS letters, cross-border reporting and running a small business, written by the CPAs who handle these questions every day.

Browse by topic

All topics315 YCL news, community & stories7 Tax law & IRS updates45 Individual & family tax49 Small business & company tax82 Foreign assets & reporting15 Going global: US companies68 Immigration & residency tax22 IRS notices & penalties27

Small business & company tax · Nov 9, 2026

Got a 1099-K for Selling Used Items on eBay? Why Loss Sales Aren't Taxed and How to Report Them

Personal items sold on eBay for less than you paid are a personal loss: no tax, and no deduction. With a 1099-K, offset the proceeds on Schedule 1, lines 8z and 24z, or report them on Form 8949; items sold above cost produce a capital gain.

Read article

Your situation

Have a question about your own situation?

Every file is different. Book a free 15-minute consultation and a CPA will walk you through yours.

Articles are general information, not tax or legal advice for your specific situation.

Book a consultation Quick quote